Economics

What Is The GDP Of The United States Of America?

In addition to updated fourth-quarter projections, today’s announcement includes revised third-quarter 2021 wages and salaries, personal taxes, and government social insurance contributions, all based on new data from the Bureau of Labor Statistics Quarterly Census of Employment and Wages program. Wages and wages climbed by $306.8 billion in the third quarter, up $27.7 billion from

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Why Isn’t The Minimum Wage Tied To Inflation?

With current moves to raise the federal minimum wage to $15 per hour, raising the minimum wage has been an issue for decades. There are differing perspectives on whether increasing the minimum wage causes inflation. According to some economists, boosting the minimum wage artificially causes labor market imbalances and contributes to inflation. Other economists point

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